Under Australian Awards, Which Statement Relating to Annual Leave Is

question 45

Multiple Choice

Under Australian awards, which statement relating to annual leave is correct?

• A) Annual leave is only recognised in the financial statements when it is actually paid to an employee.
• B) Employees are entitled to be paid pro-rata for annual leave not taken if their employment terminates.
• C) An employee is not entitled to annual leave until he/she has worked with the same employer for a minimum of twelve months.
• D) Employees are generally entitled to five weeks paid annual leave a year.

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Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with care of money or property.

Votes

Formal indications of a choice made from among options or decisions, often used in the context of elections or decision-making processes in organizations.

Revised Model Business Corporation Act

An updated model statue designed to serve as a comprehensive guide for the structuring and governance of corporations in the United States.

Fiduciary Duty of Care

A legal obligation of one party to act in the best interest of another when entrusted with the care of their assets or interests.